Acquisitions1 Aug 2025, 04:20 pm
Sylph Technologies Acquires Majority Stake in Maxrotth Foods for Rs. 2,05,56,000
AI Summary
Sylph Technologies Ltd has announced the acquisition of a majority stake in Maxrotth Foods Limited, a public company incorporated under the Companies Act, 1956. The acquisition was made through the purchase of 835,000 shares at a price of INR. 18/- per share, followed by the allotment of 1,142,000 equity shares at a premium of Rs 8. This move has resulted in Maxrotth Foods becoming a subsidiary of Sylph Technologies.
Key Highlights
- Sylph Technologies has acquired a majority stake in Maxrotth Foods Limited
- The acquisition was made through the purchase of 835,000 shares at a price of INR. 18/- per share
- Maxrotth Foods has allotted 1,142,000 equity shares to Sylph Technologies at a premium of Rs 8
- Maxrotth Foods is now a subsidiary of Sylph Technologies
- Maxrotth Foods is engaged in the business of export of pulses and spices and whole sale grocery